LINK/USD Bullish Above EMA50

12 Okt 2020

LINKUSD is now trading above EMA50, which is marked here with a bold magenta line.

This is means now that the bulls are in full control.

As bullish signals, we can also notice for LINKUSD:

• A broken downtrend line.
  
• Increasing green volume bars.
  
• A rising MACD.
  
• RSI at 58 (bullish)
  
• We also have an inverse h&s pattern which can signal support was found.
  

I've marked the next immediate target followed by higher ones with a magenta dashed-line.

We remain bullish above MA200 (black line)/bearish below.

Namaste.